610 38th Street
West Palm Beach, FL 33407
3400 sqft | 6 beds | 3.5 baths | 0.28 acres | #RX-11069459
Description
Excellent Opportunity for Investors and Owners/Users, new lower price
includes entire home contents including all furniture, lighting,
accessories, artwork, mirrors, window treatments etc.! This beautiful
property offers a unique investment opportunity with an excellent cap
rate/rate of return (report available upon request) in an area that is
rapidly growing and increasing in value (report on improvements/new
construction planned/started also available). This private compound just
minutes from Palm Beach island is situated in historic Northwood, West Palm
Beach's fastest growing neighborhood with luxury properties being planned or
being built currently (Ritz Carlton/Olara Condos/Marina etc.) Elegant Modern
Mediterranean designer home, accompanied by a charming guest house -more is set
on tropical, resort-style grounds. Seize the rare opportunity to develop the
expansive separate lot included in the listing which comprises two distinct
parcels ( Northwood, Block 35 Lots 6 and 7) or further expand the existing
compound to suit your needs. The stylish main house features tastefully
appointed interiors with 3 bedrooms (plus a home office that could easily be
converted into a fourth bedroom), 2.5 baths, spacious rooms, rich hardwood
floors and an open-concept layout that creates a bright and airy living
space. Enjoy ample parking with an oversized car park, while the two-story
guest cottage, complete with 2 bedrooms, 1 bath, and a dedicated laundry
room, offers the perfect income-generating opportunity. Alternatively, rent
out the entire property or turn it into an immediate high-yield Airbnb. This
exceptional turnkey property is just minutes from pristine beaches, the
exclusive shopping on Worth Avenue, vibrant downtown West Palm Beach with
its nightlife and fine dining, the scenic Intracoastal Waterway, and Palm
Beach International Airport. Whether you're seeking a full-time residence, a
lucrative investment, or both, this one of a kind private oasis offers a
very special opportunity in today's market.
Property Details
- InteriorWalk-in Closet, Upstairs Living Area, Split Bedroom, Kitchen Island, French Door, Fireplace(s), Built-in Shelves
- Exterior FeaturesAuto Sprinkler, Custom Lighting, Extra Building, Open Patio, Room for Pool
- Exterior MaterialsAuto Sprinkler, Custom Lighting, Extra Building, Open Patio, Room for Pool
- Utility FeaturesCable Connected, Electricity Connected, Public Sewer, Public Water
- Lot Features1/4 to 1/2 Acre, Corner Lot, Paved Road, Public Road
- Lot Description1/4 to 1/2 Acre, Corner Lot, Paved Road, Public Road
- Property SubtypeSingle Family Detached
- CoolingCeiling Fan, Electric
- StyleOld Spanish, Spanish
- HeatingElectric, Central
- RoofFlat Tile, Barrel
- SubdivisionNORTHWOOD ADD
- MLS #RX-11069459
- MLS #RX-11069459
- CountyPalm Beach
- Original List Price$1,449,000
- Property TypePurchase
- Taxes Annual$10,646
- Cost1399000
- Parking TypeGarage
- ZoningSF7(ci
- Acres0.275
- Lot Size (sqft)12000
- Square Feet3400
- Year Built1926
- Bathrooms3.5
- Bedrooms6
- Full Baths3
- Half Baths1
- Parking Garage1
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Jalil Medalian (#443093)
Listing Office: Medalian Real Estate & Investm (#800875)
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